Trump seeks $87.6bn for war; major quakes & more
President Trump is requesting nearly $88 billion in emergency funding for the war with Iran while warning that peace talks could fail over shipping disputes. Meanwhile, two powerful earthquakes have killed dozens and caused widespread damage in Venezuela.
The White House is asking Congress for $87.6 billion in taxpayer funds to cover "urgent" costs for the ongoing war with Iran. Most of this funding is intended for military operations and immediate needs arising from the conflict. This massive spending request comes as the administration continues to navigate a fragile peace process with Tehran.
Peace negotiations to end the war with Iran are at risk of immediate collapse if Tehran tries to charge tolls in the Strait of Hormuz, a critical global shipping route for oil. President Trump stated that any attempt to impose these transit fees would end deal-making immediately. The dispute over control of the waterway remains a primary obstacle to a final peace agreement.
If you have family or travel plans in South America, be aware that two massive earthquakes, magnitudes 7.2 and 7.5, have struck Venezuela. At least 32 people have been killed and 700 injured, with significant damage reported to buildings across Caracas, the capital city. Acting President Delcy reported that the quakes caused widespread panic and forced mass evacuations.
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